Nevada began licensing student loan servicers under NRS Chapter 670B, and NRS 670B.210 requires an applicant to file a surety bond in an amount determined by the Commissioner of Financial Institutions. The Division's regulations step it by the dollar amount of loans serviced — $50,000 up to $50,000,000, then $75,000, $100,000, and $250,000 above $250,000,000. The premium is 0.6% of the bond amount, $100 minimum, and the bond issues the moment you pay. Any credit screen is a soft pull only — it never affects your score.
















The student loan servicer bond is amount-based, so there is no quote round-trip. Here is the entire process:
Company details, the bond amount on your Division checklist, an effective date, and a term. Any credit screen is a soft pull that never shows as a hard inquiry.
Your exact premium — 0.6% of the bond amount, $100 minimum — is shown before you pay, and the executed bond and power of attorney generate the moment you pay.
Upload the executed bond to your NMLS student loan servicer record for the Nevada Division of Financial Institutions. Wet-ink original mailed on request.
Nevada brought student loan servicers and private education lenders under licensure in NRS Chapter 670B, administered by the Commissioner of Financial Institutions at the Division of Financial Institutions. NRS 670B.210 makes a surety bond, in an amount determined by the Commissioner, part of the license application.
The Division's regulations scale that amount to the dollar amount of student loans you service: $50,000 up to $50,000,000, $75,000 to $100,000,000, $100,000 to $250,000,000, and $250,000 above $250,000,000. The bond is payable to the Division and executed by the principal and a surety authorized to do business in Nevada.
It stands behind the Chapter 670B servicing duties — accurate payment application, responses to borrower inquiries, and the conduct rules the statute imposes on servicers of Nevada borrowers' loans. It is not insurance for you: if the surety pays a claim, you repay the surety. We track the term and send renewal notices 60 and 30 days out.
These are the actual issuing fields — company details, the bond amount, an effective date, and a term. That is the entire application.
Start the application →0.6% of the bond amount, $100 minimum, issued the moment you pay. Free until issued.